GPF Interest Rate 7.9% – Effect from October to December 2019-20
Central Government Employees News Latest Update
As per the Economic Affairs resolution issued on 21.10.2019, the General Provident Fund interest rate for the period from 1st October 2019 to 31st December 2019 will be 7.9%.
General Provident Fund (GPF) is a more beneficial saving scheme for Central Government employees. Whenever need money for children’s education or hospital expenses, the accumulated fund will help in critical economic situations. Avail partial or full withdrawal amount indicated depends on the GPF annual statement slip.
The rate of interest for Public Provident Fund (PPF) from 1.10.2019 to 31.12.2019 is 7.90 percent.
PPF Interest 7.9% continues…
The interest rates of Small Savings Schemes, particularly after April 2016, are being notified by the Govt on a quarterly basis.
GPF Interest and Online Annual Statement for Central Government Employees
|Annual Interest Rate Chart for Savings Scheme|
|Scheme Name (FY 2019-2020)||1st Quarter (Apr to Jun)||2nd Quarter (Jul to Sep)||3rd Quarter (Oct to Dec)|
|Public Provident Fund Scheme||8.0||7.9||7.9|
|Sukanya Samriddhi Account Scheme||8.5||8.4||8.4|
|5 Year National Savings Certificate||8.0||7.9||7.9|